SOFAZ sells $2.2 bln to local banks since early 2017

The State Oil Fund of Azerbaijan Republic (SOFAZ) sold 292.6 million US dollars to local banks at the currency auctions held in August 2017, up 15.56 compared to July, the SOFAZ public relations department told APA.

SOFAZ sold $253.2 million at the auctions held in July this year.

SOFAZ sold over $2.2 billion to local banks in January-August this year.

In 2016, SOFAZ sold $4.9 billion to local banks, up 37.5% compared to 2015.